BirlaNu Ltd
HIL Limited (HIL) is a part of the C.K. Birla Group and is headquartered in Hyderabad. It is one of the leading Companies in the building materials and construction industry with robust product pipeline and wide range. The company manufactures asbestos FC sheets, coloured steel sheets, non-asbestos corrugated roofing sheets, new generation building products like autoclaved aerated concrete (AAC) blocks (light bricks) that are used for walls in building constructions and aerocon panels and boards that are used as partition in residential and commercial buildings. [1]
- Market Cap ₹ 1,330 Cr.
- Current Price ₹ 1,764
- High / Low ₹ 2,660 / 1,605
- Stock P/E
- Book Value ₹ 1,563
- Dividend Yield 1.70 %
- ROCE -2.58 %
- ROE -7.25 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.13 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 7.19% over past five years.
- Company has a low return on equity of 1.13% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.46.8 Cr.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,100 | 1,280 | 2,169 | 2,555 | 3,044 | 3,520 | 3,479 | 3,375 | 3,615 | 3,597 | |
| 999 | 1,132 | 1,925 | 2,317 | 2,634 | 3,129 | 3,255 | 3,249 | 3,555 | 3,545 | |
| Operating Profit | 100 | 148 | 244 | 238 | 410 | 391 | 224 | 125 | 60 | 52 |
| OPM % | 9% | 12% | 11% | 9% | 13% | 11% | 6% | 4% | 2% | 1% |
| 9 | 23 | 12 | 32 | 64 | 33 | 24 | 65 | 108 | 47 | |
| Interest | 9 | 4 | 25 | 39 | 28 | 13 | 20 | 35 | 68 | 66 |
| Depreciation | 40 | 47 | 68 | 97 | 109 | 116 | 111 | 120 | 144 | 147 |
| Profit before tax | 60 | 120 | 163 | 134 | 337 | 295 | 117 | 36 | -43 | -114 |
| Tax % | 33% | 33% | 38% | 21% | 23% | 29% | 17% | 2% | -24% | |
| 40 | 81 | 101 | 106 | 260 | 210 | 97 | 35 | -33 | -104 | |
| EPS in Rs | 53.53 | 108.21 | 135.72 | 141.68 | 346.68 | 280.07 | 128.82 | 46.14 | -43.63 | -138.41 |
| Dividend Payout % | 33% | 21% | 18% | 14% | 12% | 23% | 35% | 82% | -69% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 1% |
| TTM: | 2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -109% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | -3% |
| 3 Years: | -13% |
| 1 Year: | -28% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 1% |
| Last Year: | -7% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 454 | 559 | 630 | 735 | 988 | 1,159 | 1,236 | 1,245 | 1,204 | 1,171 |
| 159 | 67 | 669 | 741 | 410 | 313 | 432 | 776 | 959 | 1,041 | |
| 290 | 386 | 669 | 671 | 708 | 744 | 689 | 714 | 749 | 745 | |
| Total Liabilities | 910 | 1,019 | 1,975 | 2,154 | 2,113 | 2,223 | 2,364 | 2,743 | 2,920 | 2,965 |
| 508 | 492 | 1,081 | 1,120 | 1,156 | 1,131 | 1,218 | 1,410 | 1,684 | 1,786 | |
| CWIP | 11 | 49 | 32 | 35 | 14 | 26 | 33 | 47 | 57 | 12 |
| Investments | 7 | 121 | 1 | 18 | 33 | 3 | 2 | 104 | 0 | 0 |
| 383 | 357 | 861 | 982 | 911 | 1,062 | 1,112 | 1,182 | 1,178 | 1,167 | |
| Total Assets | 910 | 1,019 | 1,975 | 2,154 | 2,113 | 2,223 | 2,364 | 2,743 | 2,920 | 2,965 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| 39 | 187 | 135 | 130 | 466 | 166 | 132 | 173 | 82 | |
| -52 | -165 | -347 | -116 | -35 | -52 | -174 | -162 | -50 | |
| 12 | -20 | 266 | 8 | -390 | -179 | 42 | 62 | -90 | |
| Net Cash Flow | -2 | 2 | 53 | 22 | 41 | -65 | -0 | 73 | -58 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 28 | 23 | 17 | 12 | 11 | 13 | 17 | 20 |
| Inventory Days | 130 | 107 | 165 | 159 | 113 | 134 | 121 | 136 | 118 |
| Days Payable | 74 | 113 | 112 | 90 | 74 | 69 | 60 | 75 | 74 |
| Cash Conversion Cycle | 90 | 22 | 76 | 86 | 50 | 76 | 75 | 78 | 64 |
| Working Capital Days | 12 | -7 | 13 | 4 | 4 | 20 | 22 | 13 | -11 |
| ROCE % | 21% | 11% | 22% | 21% | 9% | 2% | -3% |
Documents
Announcements
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Update On Acquisition Of 100% Equity Share Capital Of Clean Coats Private Limited
12 Nov - BirlaNu completed 100% acquisition of Clean Coats for INR 110.19 crore; transaction closed November 12, 2025.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Nov - Newspaper Advertisement- Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Nov - Acquisition of Clean Coats 100% for EV INR92.5cr; consideration up to INR120cr; Q2 results approved.
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Announcement under Regulation 30 (LODR)-Acquisition
7 Nov - Board approved Q2 results; acquired Clean Coats EV INR92.5Cr, consideration up to INR120Cr; SPA executed; completion by Nov30,2025.
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Unaudited Financial Results For The Quarter And Half Year Ended September 30, 2025
7 Nov - Approved acquisition of Clean Coats for up to INR120 crore (EV INR92.5 crore); Q2 results approved.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Aug 2025Transcript PPT REC
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Business Segments
1. Roofing Solutions[1]
HIL is a market leader in roofing solutions. Its flagship brand, Charminar, offers a range of products, including Fibre Cement Sheets, Charminar Fortune (eco-friendly roofing sheets), and Charminar+ (colored fibre cement sheets). They have annual manufacturing capacity of 1.1 million MT.